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Emerging MarketsEM Middle East

Kuwait edges closer to bond as options run out

AdobeStock_Kuwait_flag_575x375_22July2020

Gulf sovereigns are set to raise record levels of debt this year thanks to the double shock of Covid-19 and an oil price slump, but one name is on investors lips: Kuwait. Instead of relying on shrinking reserves, the sovereign, which has not printed since its international bond debut in 2017, is expected to pass a parliamentary law increasing its debt ceiling, according to experts.

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